$ENA 0.12798, down 7.35% in a day—nearly four times as steep as $ETH 's 1.79% drop.
Over 9 trading days, it's fallen from 0.1904, a 32.8% drop and its lowest level since August 21.
What really matters isn't the size of the drop, but whether it can reclaim 0.13156.
The daily low on 11-13 was 0.13156, and today it broke below that right at the open.
Across 59 four-hour candles, median volume was 25.82 million.
The 11-14 morning candle saw 33.23 million, or 1.29 times that amount.
It closed at 0.12887, 4% below the open. Volume actually kept rising as the price fell. The previous day's daily volume was 218 million, more than on each of the prior five days—that's not a good sign.
Only once it gets back above 0.13156 does 0.13665 come into play.
If it stays below that level and breaks 0.12667, there's basically nothing below until 0.116.
Keep an eye on 0.13156. Don't rush to buy unless it can reclaim that level.
Are you still holding $ENA ?
Source: https://fapi.binance.com/fapi/v1/klines?symbol=ENAUSDT&interval=4h&limit=60
Over 9 trading days, it's fallen from 0.1904, a 32.8% drop and its lowest level since August 21.
What really matters isn't the size of the drop, but whether it can reclaim 0.13156.
The daily low on 11-13 was 0.13156, and today it broke below that right at the open.
Across 59 four-hour candles, median volume was 25.82 million.
The 11-14 morning candle saw 33.23 million, or 1.29 times that amount.
It closed at 0.12887, 4% below the open. Volume actually kept rising as the price fell. The previous day's daily volume was 218 million, more than on each of the prior five days—that's not a good sign.
Only once it gets back above 0.13156 does 0.13665 come into play.
If it stays below that level and breaks 0.12667, there's basically nothing below until 0.116.
Keep an eye on 0.13156. Don't rush to buy unless it can reclaim that level.
Are you still holding $ENA ?
Source: https://fapi.binance.com/fapi/v1/klines?symbol=ENAUSDT&interval=4h&limit=60
